Intuition Intelligence Launches Smart Offers Solution

This post is part of our live coverage of FinovateAsia 2013.


Then, Intuition Intelligence launched its Smart Offers solution:
“The Smart Offers solution sources a huge volume of offers from the open coupons and deals networks. Merchants can upload offers via a merchant portal in the back end. There is also a bank manager portal that enables financial institutions to view, select, and approve offers they want delivered to their customers. Plus, banks and merchants will get offer analytics.
On top of that, Smart Offers’ iCube Super Relevancy engine learns user intent in click time and delivers super relevant offers at the right moment via digital channels without spam and friction. Thus, banks experience higher conversion on a scale never seen before, resulting in dramatic increase in revenue.
Smart Offers solution can be easily integrated to existing infrastructure, can be hosted on-premise or by software-as-a-service model.”
Presenting Arif Ansari (CEO) and Yusuf Ansari (COO)

Product Launch: November 2013
Metrics: 20 employees in California & India
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, and licensed
HQ: Dublin, CA, USA
Founded: October 2013

Mobino Debuts the International Version of its Universal Mobile Payments Solution

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This post is part of our live coverage of FinovateAsia 2013.

Making their way to the stage in our first presentation after the noon lunch break is Mobino. The company is debuting its universal mobile payments solution.

“We are introducing the international version of the Mobino application, available in 5 languages and 50 currencies.
  • Various scenarios will be outlined:
  • Peer-to-peer money transfer
  • Payment for goods and services in shops
  • POS and cash register integration
  • Quicker and safer e-commerce payments
  • Fluid payment flow for mobile commerce
  • Cheap and efficient international remittances
  • Registration and KYC process for unbanked
  • Cash-in and cash-out operations at agents
We are looking for distribution partners and investors in the Asia Pacific region in order to prepare service launch.”
Presenting J.F. Groff (CEO) and Sabrina Bailly (Evangelist)

Product Launch: November 2013
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, and licensed.
HQ: Geneva, Switzerland
Founded: March 2011
Twitter: @mobino

KlickEx Launches Crypto-Currency 2.0: A New Global Asset-Backed Currency

This post is part of our live coverage of FinovateAsia 2013.


In the final demo before lunch, KlickEx debuted its crypto-currency for central banks:
“After extensive testing in the Pacific, KlickEx is pleased to announce the development of a new asset-backed and algorithmic crypto-currency for institutional and retail use. A stable, international, risk-free asset is a key foundation for efficient financial markets, and KlickEx’s award-winning interbank payment network has an exemplary track record in stability, and efficiency. Having eradicated the significant systematic deficiencies of Bitcoin, then bridged the portfolio limitations of the IMF’s SDR, the new base asset is a proactive response to recent negative public sentiment towards banking in general, and recent global events including the GFC, Euro-Crisis, BASEL II, III, and fiscal & political instability in Prime currencies. 
KlickEx believes in efficient, effective, and accessible financial markets. Our products enhance transparency, stability, inclusion, and systematic velocity by eliminating counter-party risks from central bank balance sheets, informal remittance networks, and mitigating cash inefficiencies for commercial banks, mobile operators and regulators. KlickEx has taken the best, and made it better.”

Presenting Robert Bell (Manager of Operations) and Brett Waterson (CTO)

Product Launch: November 2013
Product distribution strategy: Distribution begins with use-case pilots, followed by structured phase-in programs with Central Banks and local (sovereign) government entities, then Commercial and Clearing Banks. Finally, KlickEx engages Mobile Telcos and then directly to retail users. The process usually takes 6-60 weeks to go through, depending on the country.
HQ: New Zealand
Founded: 2009

Backbase Debuts Social Media Capabilities of Bank 2.0 Portal

This post is part of our live coverage of FinovateAsia 2013.


Next, Backbase launched the social media capabilities of its Bank 2.0 Portal:
“We are launching the all-new social media capabilities of our Backbase Bank 2.0 Portal. With the new social media features, it is possible to integrate directly with social networks such as Facebook, bring deeply integrated social capabilities to the bank’s secure internet banking platform and push the bank’s internet banking platform as an app to Facebook.
The new key features include Social Login, the ability to use social information to target users within the internet banking platform, or to retarget across platforms, the power to employ Friends’ information and behavior to promote special offers (10 of your friends also have this credit card, apply now!), and the functionality to create and manage Facebook apps directly from the Backbase Portal Manager.”

Presenting Edwin Koh (GM, APAC) and 

Jelmer de Jong (Global Head of Marketing)


Product Launch: October 2013
Metrics: Privately funded, 150+ employees, offices in New York, Amsterdam, London, and Singapore
Product distribution strategy: Through financial institutions & licensed
HQ: Amsterdam, The Netherlands
Founded: April 2003
Twitter: @backbase

Dragon Wealth Debuts its SMAC App to Help Advisors Serve High Net-Worth Clients


This post is part of our live coverage of FinovateAsia 2013.

Our next presenter is Dragon Wealth. Their innovation is the Dragon Wealth SMAC App.

“Dragon Wealth SMAC app is a solution that enables wealth management advisors to make smarter, well-informed recommendations to their high net-worth clients. The solution takes advantage of the cloud to analyze big data and select social media via a social mobile analytics platform to deliver a customized dashboard via a tablet application. 
Wealth management advisors and their clients will have transparent access to at-a-glance information on their investment behavior, peer group comparisons, and expert reports to make informed decisions on investments. Financial institutions get to easily customize the platform to suit their unique needs and requirements.”

Presenting Bert-Jan van Essen (MD & Co-Founder) and Dana Ritter (MD & Co-Founder)


Product Launch: November 13, 2013

Metrics: S$500,000 funding, founded by former CIO Private Banking APAC, Credit Suisse & Head Advisory Systems APAC, Credit Suisse
Product distribution strategy: Direct to Business (B2B), through financial institutions & licensed
HQ: Singapore
Founded: June 2013
Twitter: @bertjanarosa / @danaritter3

Tootpay’s mPod Mobile Payment Solution Helps Remove Barriers to Mobile Banking

This post is part of our live coverage of FinovateAsia 2013.

Making their way to the stage next is the team from Tootpay with their mPod Mobile Payment Solution.
“Tootpay’s solution is based on an overlay chip for the customer’s mobile phone. The overlay chip is a stick-on solution that fits onto any standard SIM card of a GSM handset. A menu-based interface is deployed for simplicity and ease of use. It’s not internet or telco dependent and deploys with multiple authentication methods and end-to-end encryption to provide a high level of security for its mobile transactions. As such, barriers to mobile banking such as mobile phone handset incompatibility, dependency on telco service providers, non-existent mobile internet network coverage, fraud, and more are minimized.”
Presenting Balvinder Singh (MD) and Kok Hoong Choo (Application Development Director)

Product Launch: January 2011
Metrics: More than 500,000 mobile users of banks in Indonesia, Malaysia & Thailand are utilizing Tootpay’s mobile payment solution.
Product distribution strategy: Through financial institutions and through other fintech companies and platforms
HQ: Singapore
Founded: November 2010

IND Group Debuts Essence Mobile Banking

This post is part of our live coverage of FinovateAsia 2013.


Next, IND Group launched Essence mobile banking:
“How they describe their product/innovation: To adapt to younger generations’ requirements, IND Group delivers a best-in-class banking app with an innovative drive. With IND’s next generation mobile banking, Essence, all services are only a few taps away – anytime, anywhere. Mobile banking has never been so comfortable and easy, yet secure. 
The application offers more than just transactional banking: based on customers’ life situations banks are able to deliver personal, targeted offers, turn data into relevant, visualized information, and provide a user experience like never before, turning mobile banking into their primary engagement and sales channel.”
Presenting József Nyíri (Chief Innovator & Founder), Tamás Grünzweig (Head of Innovation) and Viktor Bálint (Head of Marketing & Communications)

Product Launch: November 2013
Metrics: €12M in revenue, 8 offices, 225 employees, 40 retail banks & financial institutions as clients
Product distribution strategy: Direct to business (B2B), through financial institutions, through other fintech companies and platforms, and licensed
HQ: Munich, Germany
Founded: October 1997
Twitter: @indgroup

Arkalogic Debuts Moneta, a Seamless Payment System for Bank and Telco Customers

This post is part of our live coverage of FinovateAsia 2013.


Then, Arkalogic debuted Moneta, its latest payment system:
“For Arkalogic Transaksi, a mobile financial solution must be cost efficient for institutions. It must also be amusing and help consumers as opposed to confusing and taxing them. Advanced yet simple technology combined with great design of customer experience and meticulous customer care are the key ingredients to Arkalogic Transaksi’s latest solution, Moneta.
Moneta’s dream essentially is to create a mass and “seamless” payment system for bank and telco customers in the form of combined mobile wallet, e-money, mobile payment, and mobile commerce, in Indonesia and globally.
With one registration and with one platform that is easy for partners to integrate into their existing system and for end consumers to ‘plug and play,’ Moneta believes that transactions and life should be simple and secure. Always.” 
Presenting Aryo Karbhawono (CEO), John Chard (Chief Strategy Officer), and Kemal Idris (Chief Product & Commercial Officer)

Product Launch: October 2013
Metrics: $10M funds raised to date, 15-20 employees
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B) & through financial institutions
HQ: Jakarta, Indonesia
Founded: April 2013

Paperless Client On-Boarding for Retail Banks Courtesy of GMC Software Technology


This post is part of our live coverage of FinovateAsia 2013.

Making their way to the stage for the first of two presentations here at Finovate is GMC Software Technology, with their Paperless On-Boarding App.

“An innovative tablet application, enabling a totally paperless client on-boarding process for retail banks. The solution allows banking agents to on-board a client with a proof of identity, photo, signature and more without using any paper processes removing significant cost and time. On completing the process, clients are sent a digital dynamic welcome kit where they can click on different sections, drill down to areas of interest and view all their signed documents electronically. The welcome kit and all documents can be accessed on any PC or mobile device supporting a completely paperless end-to-end client on-boarding process.”
Presenting Antoine Hemon-Laurens (Director, Product Mobile Marketing) and Nick Dempsey (Regional Manager, ANZ)

Product Launch: November 14, 2013
Product distribution strategy: Direct to Business (B2B)
HQ: Appenzell, Switzerland
Founded: 1994
Twitter: @gmc_net

Smart Engine’s Card-Linked Loyalty Platform Creates Personalized, Targeted Marketing

This post is part of our live coverage of FinovateAsia 2013.


Next, Smart Engine demonstrated how its card-linked loyalty platform can benefit banks, merchants, and the end customer:
“1. Purchase history of bank payment transactions are analyzed and individual shopping behavior profiles developed 
2. Profiles are enriched with online shopping personalization results
3. The Smart Engine provides answers to three critical questions: Who? Where? Which delivery channel (online banking, Web, smartphones, email or SMS supported) – which allow retailers to communicate tailored offers to those bank customers with the highest purchase probability
4. Relevant bank customers receive attractive personalized offers. Card payments result in automated cash back to cardholders’ accounts
5. Location services and event-driven notifications optimize personalization experience
6. Retailers measure return and conversion rates
7. Banks optimize income from cards by extending card usage”
Presenting Christian Bacher (Managing Partner) and Anna Bacher (Director, Sales & Business Development)
Product Launch: Q2, 2011
Metrics: Money raised to date: $8M USD, annual revenues: $950,000 USD, number of employees: 35, shareholder structure: 60% – two private venture capital funds, 40% – management
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), and through financial institutions
HQ: Europe HQ: Vienna, Austria; Asia HQ: Hong Kong, China
Founded: December 2010
Twitter: @SmartengineNws